The RTA likely will have other nice features to boot: dove tail joints on drawers, soft close drawers, soft close hinge on cabinet doors. 

You are the App and the only one who can make real estate investment work.Using the Function Keys (knowledge needed) Input data (asking price - mortgage balance - liens - degree of motivation - building rapport)Value - comparable sales and insights - (researching values - opinions - needed work or cosmetics) I like IURealistdotcom (principal)Time - liquidation period - (how fast to pay day - assignment - buy and hold or Control and Roll)Marketing Cost (cost of print ads - social media  - direct mail - coop fees)Estimated Offered price $ (based on past experience - creative financing and expected profit - contract and clauses)Net Profits (estimate amount to walk with)Creative Financing Options (Control and Roll - delayed settlement - auction method of market  - seal bid auction -  e-auctions - seller take back with subordination - right to assign finance - Hybrid offers - vertical split - land lease - option - joint venture -)Hard Money Funding (LAST OPTION!)

The Utah REIA meets next Tuesday night and I have an expert panel of flippers, wholesalers, buy and hold and joint venture partners scheduled to tell all of what is working for them now and how to make it in a tough market. 

The seller gets 30% equity in cash and he pays no tax, because it is loan proceeds  Another idea is if a property is a minor rehab,   You can do a joint venture with the seller, and buy the property on seller financing with a single payment note being paid in the future, say 4 mo.

Hi @Michael Swan, Awesome story, this is been a recipe for success always, My father was in Land Banking which is a great industry. his model was buy land middle of no where and let the build around in mean time, grow crops and make cash. then Joint Venture with developer let them build houses do the work and make 35% Profits on the project awesome deals. me I bought, places people taught I was crazy why are you doing that is the bad area of Vista, 1 lot with 3 units on it in 2011 for cheap, It cash flowed good I had Section 8 tenant in one unit it was awesome always on time. then 2014 came along, They develop a beautiful track home development near by and 2 senior livings, by now had some more contacts and more money, but with $0 dollars out of my pocket, i partner with a group and we created a Senior Living with 16 beds. we are doing great, property is valued real high, thinking about 1031 for a more sexy asset in for oceanview senior living, that will bring me more revenue. because as Gordon Gekko said Greed is Good. thank you for sharing. 

Perhaps they can provide a joint POF submission to satisfy the seller?

As mindy pointed out, you also need to understand what your finances are, what you can borrow using a mlo or even a hard money loan or bring some friends into a joint venture. all have their own risks/rewards of course so it comes down to your risk tolerance.  

It would (should) probably have some sort of joint costs like a HOA, Personally I would not do a deal like this unless i got the entire building.

As far as having a team, that is exactly what i am doing right now, going through subs to get the best and most reasonable ones on my team. i am open to joint ventures, but not going to interested in just being someones contractor, really dont need clients, I can do these projects on my own

When you and your friend decided to work together as a Joint Venture (JV) what was decided amongst yourselves.